Senate confirms Lisa Cook, making her 1st Black woman who will serve on the Federal Reserve's Board of Governors

The Senate voted 51-50, with Vice President Kamala Harris casting the tie-breaking vote.

The Senate on Tuesday confirmed Lisa Cook to be the first Black woman to serve on the Federal Reserve's Board of Governors.

The vote was 51-50, with Vice President Kamala Harris breaking the tie.

The confirmation comes as inflation rates continue to soar.

"As President Biden said today, addressing inflation remains a top priority of the Biden-Harris Administration, as we work to lower costs for hardworking families," a White House official said. "It is important to have a fully-staffed Federal Reserve who can take on these challenges for the American people."